Chevron ($CVX@US) reported its second-largest quarterly profit ever on Friday with a net profit of $11.2 billion, or $5.78 per share. The profit nearly doubled from the $6.1 billion profit in the same period last year and exceeded Wall Street’s $4.86 estimate. The company’s high earnings were driven by global demand for oil and gas and rising production from its U.S. oilfields.
